Tagged: mark mullen

November 1, 2023 @ 6:22 am By Omar Faridi  |  

Atom bank, the UK’s first app based bank, has raised over £100m in new equity capital from long-term shareholders BBVA, Toscafund and Infinity Investment Partners. This is believed to be the largest private capital raise “by a digital bank in the UK this year, and… Read More

May 25, 2023 @ 11:17 pm By Omar Faridi  |  

Atom bank has announced it will appoint Lee Rochford as its new Chairman, subject to full regulatory approval. He will replace Bridget Rosewell when she “steps down in September, having held the role for five years and overseen a critical period of Atom’s growth.” Lee… Read More

December 7, 2022 @ 6:21 pm By Omar Faridi  |  

Operative Intelligence, which claims to be the first purpose-built Demand-Insights-as-a-Service platform, raised $3.5 million in a seed funding round “to significantly expand its team and scale its customer intelligence product capabilities for the world’s leading enterprise companies.” The investment round was “led by Bonfire Ventures… Read More

November 26, 2022 @ 11:27 am By Omar Faridi  |  

Atom Bank, which claims to be the United Kingdom’s “first” app-based bank, has reportedly agreed to terms with BBVA, Toscafund and Infinity Investment Partners in order to add a further £30 million in equity to its balance sheet. It follows the £75 million that Atom… Read More

May 21, 2022 @ 2:47 am By Omar Faridi  |  

UK’s Atom Bank has reportedly appointed Andy Sturrock as the banking platform’s new Chief Technologist. Andy joins Atom from BP plc, where he ran the firm’s Digital Consumer Channels and Offers teams, including the BPMe app and loyalty schemes. During his time working at BP,… Read More

August 29, 2021 @ 11:23 pm By Omar Faridi  |  

Atom Bank, the North East Fintech firm, has reported “strong progress” during its most recent annual report, “narrowing its losses and generating a monthly net interest margin (NIM) of 114bps by March 2021 (up from 10bps in March of 2020).” According to the update from… Read More

April 9, 2021 @ 7:46 am By Omar Faridi  |  

UK-based mobile banking platform Atom Bank has revealed that its £40 million raise is being led by Toscafund Asset Management LLP and BBVA. As the bank aims to reach profitability, the £40 million raise includes “an offer to participate for qualifying shareholders in new ‘A’… Read More

October 26, 2016 @ 6:30 am By JD Alois  |  

Atom Bank has filed a Reg D, 506b, notice of an exempt offering with the Securities and Exchange Commission.  According to the document, Atom Bank is seeking approximately $124 million in equity capital. The digital only challenger bank is working with Macquarie Capital USA on the… Read More

November 24, 2015 @ 12:02 pm By JD Alois  |  

The  future of banking is almost here and Atom Bank, a digital only platform, has just received a solid £45 million investment from BBVA. The capital injection will give BBVA a 29.5% ownership stake in Atom. According to Atom, this completes the company’s £85 million… Read More

June 24, 2015 @ 9:09 am By JD Alois  |  

  “A Branch-free, Paper-free and Stress-free Bank” The traditional banking industry has been rather slow to innovate.  Hundreds of years of operating branches, with tellers, is a hard thing to change.  It is also a costly and inconvenient business structure in a world where everything… Read More